We now officially begin our work to #MakeCROGreatAgain - Trump Media has completed its acquisition of 684.4 million CRO as part of our strategic partnership. CRO is now stored and staked with https://t.co/pFc4Pz9nFR Custody.
https://t.co/9pcYYDvM2n
TRUMP MEDIA ANNOUNCES PARTNERSHIP WITH https://t.co/EvAlSRjAJ2
“We need to work with companies like https://t.co/WJ4xcPxhSM with tokens that the American people can trust…” - @DevinNunes details for @jsolomonReports and @AmandaHead
A MUST-WATCH interview with Devin Nunes, CEO of Trump Media Technology Group and the Chair of the President’s Intelligence Advisory Board on our strategic partnership.
The first federal law regulating crypto in the US is a massive milestone for our industry. Congrats to @realDonaldTrump, delivering on his promise to provide regulatory clarity for the industry and with record bipartisan support. A year ago this was unfathomable yet today it represents a historic turning point for the US and a significant step in advancing the adoption of digital assets.
- A historic day for $CRO. Trump Media Group CRO Strategy announced a $6.42b U.S. Dollar treasury play. See the press release for more info on the proposed Business Combination and important info about $YORK, $YORKW and $YORKU. Here’s what you need to know:
- A definitive agreement for a business combination with Nasdaq-listed $YORK to establish Trump Media Group CRO Strategy was signed today
- at completion, it will trade as $MCGA — Make CRO Great Again
- at completion, Trump Media Group CRO Strategy will be the WORLD’S LARGEST HOLDER of $CRO, with 6,313,000,212 CRO
- This ~6.3 billion CRO tokens is worth approximately $1b as of the time of the announcement
- separately, Trump Technology Media Group ($DJT) acquired $105m of $CRO and https://t.co/dwRH3YcIjT acquired $50m of $DJT
- This brings the total $CRO under the Trump Media Group umbrella to ~7 billion tokens.
- $CRO will become the PLATFORM TOKEN of Truth Social as a part of this broad, strategic partnership
- at completion, Trump Media Group CRO Strategy is expected to have $200m CASH to acquire more CRO
- https://t.co/dwRH3YcIjT and Trump Media Group are each chipping in additional $100m cash each via warrants and Yorkville is chipping in $20m cash via warrants, bringing the TOTAL CASH to ~$420m
- the company will also have access to a further $5 BILLION LINE OF CREDIT from Yorkville to, yes, you guessed it right, acquire even more CRO
- cumulatively, this will add up to an UNPRECEDENTED amount of DRY POWDER for any Digital Asset Treasury company, exceeding the total market cap of $CRO as of the time of announcement
- to put it in perspective, to reach similar level of buying power and impact on Ethereum, leading ETH treasury companies would have to buy hundreds of billion of ETH — just unprecedented
- Trump Media Group CRO Strategy will hold the CRO it acquires FOREVER
- Trump Media Group CRO Strategy will stake the CRO it holds to further boost its CRO holdings and generate ROBUST REVENUES for $MCGA
- let’s talk about $MCGA — all founding partners are fully committed to long term success for all $MCGA shareholders
- This means 4 year LOCKUPS for Trump Media & Technology Group, Yorkville and https://t.co/dwRH3YcIjT and $MCGA management (12 months full lockup and then partial unlocks every 6/12 months)
- very reasonable public float of 13% — original $YORK holders
- this presents a differentiated opportunity for investors in the Digital Asset Treasury space
- the mission of Trump Media Group CRO Strategy is to enhance shareholder value by maximising THE FLYWHEEL EFFECT: more funds raised, more CRO bought, prices appreciate, allowing for more funds to be raised and more CRO to be bought
- as a result of the flywheel, one should expect Cronos to reach its FULL POTENTIAL as the backbone of all financial services, including powering payments for AI agents
- it appears that the market has responded well to the news
- In the wise words of the namesake of the soon-to-be world’s largest holder of CRO: THANK YOU FOR YOUR ATTENTION TO THIS MATTER
- Here’s the official release: https://t.co/DCvwjCoqB2
We’re excited to share that https://t.co/hcDm4vdblb and Trump Media have partnered to make $CRO a utility token of the Truth Social platform. In-line with the partnership, Trump Media will purchase approximately $105 million in $CRO for its balance sheet (685,427,004 CRO). https://t.co/k1NnW5Y9qK